Approx. $10 billion deal may be between Reliance and Disney for India Business, Reliance may acquire Disney India in November 2023.
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Disney+Hotstar is one of the leading OTT platforms in India. It provides access to numerous Bollywood and Hollywood movies, TV shows, and web series. The OTT platform has been searching for a local partner in India to sell its Indian business for a while. According to the latest news, Reliance can be that partner.
Reliance has emerged as Disney’s biggest rival in India. The latest news reveals Reliance to acquire Disney in India. There were rumours that Gautam Adani and Sun TV Network owner Kalanithi Maran might collaborate with Disney. Now, Reliance is emerging as the top contender to acquire Disney India. Continue reading to reveal what’s the truth behind the news.
Credit: InstaGram
It was reported that Disney has been searching for a reliable partner to sell its controlling stocks in India. Gautam Adani and Sun TV owner may have shown interest in acquiring Disney India’s stakes. Now, a new Bloomberg report suggests that Reliance might close the deal.
Bloomberg’s report reveals that Reliance might buy the entire Disney India business for $10 billion. The value may go up or down depending on the final deal, but Reliance is Disney+Hotstar’s big rival in India. The deal may finalize in the next month and both companies might reveal details soon.
People have been searching about Reliance company since the news about Reliance’s Disney acquisition came out. Reliance currently operates the Jio Cinema OTT platform. It aims to provide free content to millions of Jio users. Its advertising-based video-on-demand service has drawn millions of users.
Reliance has already signed a deal with HBO to watch its premium content, to watch the Indian Premier League, many HBO and Bollywood movies. Millions of people watched the FIFA World Cup on Jio Cinema. Jio already snatched many premium subscribers of Disney+. A deal with Disney will allow Jio to quickly boost Jio Cinema’s user base.
Millions of people know about Disney in India. This company has been providing content in India for many decades. It emerged as one of the world’s most widely used OTT platforms. You can watch the IPL, top-rated Hollywood movies, Indian web series, and many entertaining series in India for several years.
Reports suggest that Disney’s business is shrinking in India. The growing popularity of Jio Cinema and other OTT platforms might further reduce Dinsey’s business. Therefore, the company is looking for a local partner to swiftly boost its business. Reliance will be the best partner to quickly grab millions of new subscribers in India.
Rumours suggest that Reliance might acquire Disney’s Indian business for $10 billion. It is not a confirmed news because both parties have not disclosed anything yet. The news regarding the final deal might be released in the next month. Reliance’s media units may merge with Disney Star and it may become a single big OTT platform.
Reliance might not completely acquire Disney India. Disney may hold a minority stake in the company, but Reliance will control the business. Reports also suggest that Disney may hold its assets in India a little longer to get a better deal.
Reliance In Talks To Buy Disney's Star India Businesshttps://t.co/c7HO6gCUtM
— What’s On Disney Plus (@disneyplusnews) October 23, 2023
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A: The Walt Disney Company India is the owner of Disney India business.
A: As per news reports, Disney+ is searching for a local partner to grow its business in India.
A: The Reliance Company may acquire Disney+ in the next month.
A: Reliance may pay $10 Billion to acquire Disney+ in India.
A: Disney may hold some stake in the company, but Reliance will have the ownership stakes.
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Conclusion
Mukesh Ambani’s Reliance seems all set to acquire Disney+ in India. It will be a huge deal for the Reliance company. Jio users may cherish this deal because they will gain access to all the entertaining Disney and Marvel movies through the newly merged OTT platform.
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